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2.0 EXECUTIVE SUMMARY 2.0 EXECUTIVE SUMMARY 2.1. Short-term (Construction) Impacts to Regional Economy This section provides a summary of the project's construction -phase impacts to the City and Orange County. The summary includes the sum of all direct, indirect, and induced impacts, as shown on Table 2-1 on page 6. The total construction -related impacts would include the following: Output: At buildout the project's one-time construction activities would generate approximately $98.9 million in total economic activity in the City, through direct, indirect, and induced impacts. In addition, the project would generate approximately $15.3 million in total economic activity in the remainder of the County. Thus, the project would generate approximately $114.2 million in total economic activity in Orange County. Value Added: At buildout the project's one-time construction activities would generate approximately $65.9 million in total value added in the City, through direct, indirect, and induced impacts. In addition, the project would generate approximately $10.5 million in value added in the remainder of the County. Thus, the project would generate approximately $76.4 million in total value added in Orange County. Employment: At buildout the project's one-time construction activities would generate approximately 584 jobs in the City, through direct, indirect, and induced impacts. In addition, the project would generate approximately 93 jobs in the remainder of the City. Thus, the project would generate about 677 total jobs in Orange County°. Employee Compensation: At buildout the project's one-time construction activities would generate approximately $31.7 million in total employee compensation in the City, through direct, indirect, and induced impacts. In addition, the project would generate approximately $4.4 million in total employee compensation in the remainder of the County. Thus, the project would generate approximately $36.1 million in total employee compensation in Orange County'. As noted above, this total includes both part- and full-time employees. Based on factors provide in the IMPLAN model, the construction phase would generate approximately 626 full-time equivalent (FTE) jobs in the County. ' Employee compensation is a "fully loaded" payroll estimate, including all benefits (e.g., health, retirement) and payroll taxes (both sides of social security, unemployment taxes, etc.). Based on factors provided in the IMPLAN model, the project would generate approximately $30.2 million in salaries/wages in Orange County. THE NATELSON DALE GROUP, INC. Page 5 DRAFT Economic Impact Analysis The Madison (Santa Ana, CA) 75A-102